Israel: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Israel

The Israeli market for bromides and bromide oxides, iodides and iodide oxides was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Israel

In value terms, bromides, iodides and oxids thereof production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +21.1% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 53%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Israel

Bromides, iodides and oxids thereof exports from Israel declined notably to X tons in 2021, with a decrease of -33.1% against the previous year's figure. In general, exports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2014 when exports increased by 113% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof exports shrank markedly to $X in 2021. Overall, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 24% against the previous year. The exports peaked at $X in 2020, and then dropped sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for bromides, iodides and oxids thereof exports from Israel, accounting for a 44% share of total exports. Moreover, bromides, iodides and oxids thereof exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-2.6% per year) and Belgium (+2.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Israel, comprising 44% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Belgium, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.2% per year) and Belgium (-1.2% per year).

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, surging by 5.8% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2015 when the average export price increased by 66%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Japan ($X per ton) and Australia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-3.7%), while the prices for the other major destinations experienced a decline.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Israel

In 2021, imports of bromides and bromide oxides, iodides and iodide oxides into Israel shrank rapidly to X tons, waning by -19.3% compared with 2020. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 118% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports declined significantly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 77%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), the UK (X tons) and India (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Israel, together comprising 65% of total imports. These countries were followed by the Netherlands, Germany, Hong Kong SAR, Belgium and the United States, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +74.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Israel were the UK ($X), China ($X) and India ($X), with a combined 67% share of total imports. Germany, the Netherlands, Hong Kong SAR, Belgium and the United States lagged somewhat behind, together comprising a further 31%.

Hong Kong SAR, with a CAGR of +61.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, growing by 1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2016 an increase of 73%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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